BP up heading for ex dividend!6 Nov 2024 10:00
BP up today, and likely to be up as interest rates decline, inflation recedes, the Chinese try to stimulate the economy, the possibility of world recession fades, and war in the Middle East escalates!
But, all of these scenarios, serve to mask the reality with BP, in not having any grip of a crystal clear strategic vision and way forward, and like a rabbit caught in the headlights being completely incapable of producing one before the promise of next February 2025!
Murray has effectively been in charge since Looney left, and it is clear that there is no evangelical zeal to change very much at all! If he does not, others will step in and do it for him! BP, now attracting value investors, and speculators, will probably never be more vulnerable than right now!